Article
5 Ways Owners Make Data Driven Decisions with Procore Analytics 2.0
The old saying is that you can’t improve what you don’t measure - making data and the ability to easily extract insights, trends, and generate reports crucial for businesses.
Procore collects a tremendous amount of actionable data across all aspects of planning, building, and operating a capital project. The new Procore Analytics 2.0 features put that data to work for you and your organization in whole new ways.
Below are a list of five key benefits owners and real estate developers can expect with Procore Analytics 2.0.
Chapter 1
Prebuilt reports
With over 130 pre-built dashboards and reports available out of the box, Analytics 2.0 provides a robust starting point for anyone interested in diving deeper into project performance and outcomes.
We’ve found that our owner customers are particularly drawn to several key reports, including:
Portfolio Risk Summary: As the name suggests, this report provides a single, summary view of all development projects at any stage of the process. At a glance, users can see which projects are over or under budget, on schedule, or facing delays. Additionally, all Procore reports provide users the opportunity to drill down into detailed data to uncover underlying causes.
Anticipated Costs: While Procore can’t predict the future, its connected data platform helps identify potential cost drivers and spending trends, giving users foresight into where expenses may arise—helping to avoid surprise.
Cost Comparison: For developers managing standardized projects across regions, this report enables comparison of costs and timelines for completed projects. This data empowers businesses to optimize planning for future initiatives.
Chapter 2
Near real-time reporting
We’re excited to share that Procore has moved beyond daily data aggregation to near real-time reporting. In today’s fast-paced environment, where time is money, this enhancement ensures timely insights. Additionally, Procore’s powerful mobile app enables jobsite teams to collect and report on issues immediately, improving responsiveness.
Chapter 3
Comprehensive data coverage
Procore has significantly expanded the scope of data available for reporting within the analytics engine. Its connected platform now exposes data objects from all aspects of the Procore platform, ensuring comprehensive data coverage and insights across various data types and structures.
Chapter 4
Integration with external data sources
Procore recognizes that your data belongs to you. The platform offers multiple options for exporting project data into your company’s existing data lakes, enabling integration with external data sources such as accounting/ERP, spatial or iWMS, and asset management systems.
Chapter 5
Support throughout your data journey
Procore is committed to helping customers maximize the value of their data. Whether your organization is just starting its data journey or already advanced in its analytics capabilities, Procore offers multiple support options – including self-paced online training, hands-on troubleshooting, and fully customized professional service packages tailored to your organization’s unique needs.